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The oldest members of the huge baby boom cohort (born 1946-1964) will be facing retirement in the next 10 years. Because of its large size, particularly in relation to the cohorts that preceded it, the baby boom cohort has distended every social institution that it has come in contact with including the housing market. Will the baby boomers also have a disproportionate impact on the retirement housing landscape? There has been a great deal of discussion and speculation about this group of pre-retirees, yet little empirical research has been conducted on the plans of aging baby boomers. The research described in the two articles that comprise Chapters III and IV addressed this need by examining the housing and locational preferences and plans of early baby boomer pre-retirees (born 1946-1954) for the first 10 years of retirement. The concept of cohort uniqueness was integral to the model tested in the two articles. The data were collected as part of a telephone survey of metropolitan and non-metropolitan Oregon and Utah residents conducted by the Western Regional Agricultural Experiment Station Committee (W-176). Statistical analyses included Chi-square tests of significance and logistic regression. Weighted data were used so that the results would be representative of the populations of the two states. In Chapter IV, "Retirement Housing and Locational Preferences of the Depression and Early Baby Boom Age Cohorts," the early baby boomers were compared with another cohort of pre-retirees, the Depression cohort (born 1930-1939). Although some significant differences were found there were also many similarities between the two cohorts (N=836). Intra-cohort differences based on gender and marital category of early baby boomers (N=476) were examined in Chapter IV, "Retirement Housing and Locational Preferences: Differences Within the Early Baby Boom Age Cohort." Planners, policy makers, developers, and builders will need to understand these inter-cohort and intra-cohort differences and similarities in order to produce acceptable retirement housing alternatives for aging baby boomers. / Graduation date: 2001

The inception of rugby as a workforce in 1995 created a range of new issues surrounding sport as a vocation. With professional rugby often wearing the glamorous coat of fame and fortune, young athletes sacrifice education and learning additional life-skills in pursuit of well-paid contracts and glitzy lifestyles unaware of the realities rugby as a profession holds. One such reality is the relatively short lifespan of a professional rugby career and the fact that transition to a whole new career is firstly inevitable and secondly a very challenging process. Traditional retirement has been associated with the end of a long working career, making comprehensive lifestyle- and financial planning part of the preparation process. This process helps the retiree anticipate and understand the expected demands of life beyond a working career. In rugby however, the retirement experience of a player can be extremely difficult to cope with, especially if the player is not adequately prepared or has not planned for such an event. This leaves players vulnerable for the imminent new phase of life and often leads to physiological - and other challenges players are not able to withstand in a world outside sport (Price, 2007). The aim of this study is to identify the different aspects that influence a professional rugby player’s retirement – and transition experience into a new profession. The researcher believes that an increased understanding of how current and retired professional rugby players perceive/experienced the retirement process would assist current players to better plan and prepare for this phase of life. This ultimately would reduce the anxiety and uncertainty for life after rugby. If players are more relaxed and stress-free about their future, more focus could also be placed on the here-and-now, leading to greater performance on the current field of play. The views of both current and retired professional rugby players were captured through questionnaires distributed all around South Africa. The researcher utilised a mixed mode paradigm of both positivistic and interpretive research methods. This approach enabled him to best compare the views of the two groups and test the developed theories and hypothesis. Ultimately, the research revealed that the presence of the following variables will have a positive influence on a player’s retirement and transition experience: A) Leadership, advice and planning for retirement B) Tertiary education and additional work skills C) Popularity amongst fans and other influential people D) Sufficient wealth and E) A self-selected retirement. With these findings the researcher will develop some specific guidelines for current professional rugby players to help them firstly better prepare for their life beyond sport and secondly successfully switch to a new career. A few valuable recommendations were also made to other stakeholders to better assist and support players in their preparation and transition process.

No description available.

The study was conducted to obtain information concerning planning for retirement in the areas of income, health, work/leisure options, and family-interpersonal concerns among persons 45 to 64 years old in a small community for use in training development and program planning. Data were collected from a random sample (N=84) obtained through a telephone search among households in the community of Warrenton, Virginia, with persons aged 45 to 64 who had not yet retired. The purpose was threefold: to find (a) whether a relationship existed between planning for retirement and the independent variables of age, sex, education, income level, occupation, and locus of control; (b) whether a relationship existed between perceived importance of planning for retirement and the independent variables; and (c) whether a relationship existed between attendance at a community sponsored pre-retirement program and the independent variables. Chi-square analyses and stepwise multiple regression were used to analyze the data. Results showed significant relationships (<i>p</i> < .05) between (a) planning for income in retirement and education, age, and sex (in that order) and (b) planning for work/leisure in retirement and age, occupation, education, and income level. Results showed significant relationships (<i>p</i> < .05) between (a) importance of a pension in retirement and income, occupation, education, sex, and locus of control and (b) importance of independent income sources and education and age. Finally, results showed a significant relationship between attendance at a preretirement program and locus of control, age, education, occupation, sex, and income. This study provides valuable data for future preretirement programs. / Ph. D.

This study examined the need for, and interest in, preretirement preparation programs for educators (teachers and administrators) in Nakorn Nayok Province, Thailand. All educators were between 46 and 60 years of age and were working in elementary and secondary schools in Nakorn Nayok Province, Thailand. The sample consisted of 333 teachers and 101 administrators. Data were collected by questionnaire survey. Of the returned questionnaires, 81.33% were usable. The results were analyzed by using the Statistical Package for Social Sciences. Results of the study show that elementary and secondary school teachers and administrators in Nakorn Nayok Province, Thailand, would benefit from preretirement preparation programs, but that few programs exist for educators. With all things taken into consideration, individual Thai educators have to be responsible for their retirement preparation knowledge, because the Ministry of Education does not consider preretirement preparation programs important enough to require that they be provided for educators.

This study investigated the prevalence and characteristics of teacher retirement preparation programs in Texas public schools and determined how school personnel directors perceived selected aspects of such programs. A survey questionnaire was used to gather data about personnel directors' opinions of several aspects of retirement preparation programs, and about existing school district programs.

No description available.

The aim of the thesis is to construct an effective realistic retirement income plan for an individual investor. We propose realistic frameworks with specific inputs given by investor such as number of investment instruments, income, and length of the time period before retirement using Modern Portfolio theory. The aim is to develop a retirement framework using fundamentals of Modern Portfolio Theory as per investor’s needs on asset allocation assuming investor’s risk appetite reduces as he ages in life and worries for real retirement income planning by comparing different statistical models scenarios. In each of the Scenarios we have 3 changing probability profile scenarios to allow for flexibility to the investor to withdraw from the portfolio for personal needs with increasing probability, decreasing probability and uniform probability of withdrawal throughout the portfolio investment time horizon. The results clearly reveal that there is no one best model for different investors as each investor is different with different objective functions. The results also show that, Traditional method and Bootstrapping scenario results are not always the same implying investor should not expect historical returns from the securities to reflect the future.

Abstract Preparing for retirement is a complex task at which some individuals succeed while others do not, often with dire consequences. A model of investor behavior including retirement planning and saving is tested in a Taiwanese sample of full-time working adults. 134 participants completed a questionnaire about future time perspective, retirement goal clarity, financial literacy, retirement planning activity level and monthly savings contributions. Results indicated that FTP was a significant predictor of savings contributions and goal clarity which in turn predicted financial literacy and planning activity level. Financial literacy predicted planning activity level. No support was found for planning activity level as a predictor of monthly savings contributions. A three-way interaction with FTP, financial risk tolerance and financial knowledge as predictors of savings contributions was approaching significance, but small sample size likely limited statistical power. Path analysis shows some support for a model of retirement planning proposed by Hershey (2004) though data do not fit models previously tested by Hershey, Jacobs-Lawson, McArdle, and Hamagami (2007) and Stawski, Hershey and Jacobs-Lawson (2007). Instead a new model of retirement planning and savings contributions is proposed. However it is likely that savings norms affect contributions such that those who do not plan for retirement do not save at a rate lower than those who do. It is also likely that those who do plan for retirement invest rather than save disposable income. Keywords: retirement planning, personality, future time perspective, financial planning, financial literacy